Daily Current Affairs - 28th Aug 2017

Ahmed Khan no more

  • Ahmed Khan, the last of India's glorious generation of barefooted footballers who made a mark on the 1948 Olympic Games, passed away
  • He was also part of the Indian sides that won gold at the Asian Games of 1951 and went to the 1952 Olympics in Helsinki.

CSIR-NIIST develop new technique to produce bio-ethanol from cotton-stalks.

  • Scientists from CSIR’s National Institute for Interdisciplinary Science and Technology (CSIR-NIIST),Thiruvananthapuram have developed new technique to produce bioethanol from discarded cotton-stalks.
  • The technique uses combination of chemical and biological techniques
  • The new technique will help to produce bioethanol, a clean fuel from cotton stalk wastes.
  • Converting the agro-residues such as cotton stalks and wheat and rice husks etc to ethanol reduces the food vs fuel competition.
  • India has about 9.4 million hectares under cotton cultivation and every hectare generates 2 million tonnes of cotton stalk wastes.

DRDO, IAI to produce MRSAM missile system by 2020 for Indian Army.

  • The DRDO has signed Rs.17,000 crore deal with Israel Aerospace Industries (IAI) for producing advanced medium—range surface to air missile (MRSAM) system for Indian Army by 2020. The deal envisages develping 40 firing units and around 200 missiles..
  • The MR-SAM, a land-based version of long range surface to air missile (LRSAM) of Indian Navy, has strike range of up 70 km. It is capable of shooting down enemy ballistic missiles, aircraft, helicopters, drones, surveillance aircraft and AWACS (Airborne Warning and Control Systems) aircraft.

Government imposes anti-dumping duty on sodium nitrate imports from China.

  • The Union Finance Ministry’s Revenue Department has imposed a five year anti-dumping duty on Sodium Nitrite imports from China.
  • It was imposed based on recommendations of Directorate General of Anti dumping and Allied Duties (DGAD).
  • Countries impose anti-dumping duties to safeguard domestic industry from surge in below-cost imports.

Government inaugurates India’s first Videsh Bhavan in Mumbai.

  • The Union Ministry of External Affairs (MEA) launched country’s first Videsh Bhavan by assimilating all Regional Passport Offices and allied departments under a single roof at the Bandra Kurla Complex (BKC) in Mumbai, Maharashtra.
  • Currently, 90-plus RPOs and PoEs across the country function from rented offices.
  • Merging and integrating them into similar Videsh Bhavans in different state capitals is expected to cut costs besides ensuring improving efficiency and speeding up the delivery of various services.

IIT Researchers develop bio sensor to detect kidney disorders

  • Researchers from Indian Institutes of Technology (IIT), Bombay and Indore, have jointly developed a bio sensor that makes it possible to detect kidney disorders in less than eight minutes.
  • The bio sensor can accurately measure both the pH and urea concentration with a single drop of urine. It will help make a point-of-care test to determine whether the kidneys are functioning normally.
  • The newly developed bio sensor can detect both pH and urea contents in urine. It is made by encapsulating an enzyme urease and molecule FITC-dextran in alginate microspheres.

Jaitley hands over long-range surface-to-air missile to Navy

  • Defense Minister Arun Jaitley handed over the Long-Range Surface-to-Air Missile (LRSAM) jointly developed by India and Israel, to the Indian Navy, at Bharat Dynamics Ltd (BDL)
  • LRSAM is an advanced combat suit for missile defense against air targets and missiles, and has full capabilities of air and surface surveillance, threat alert and fire control.
  • Public sector BDL is the missile production agency for the three armed forces.

JAM Trinity ushering in a ‘financial inclusion

  • The Jan Dhan-Aadhaar and Mobile number (JAM) Trinity has the potential to link all Indians into one common financial, economic, and digital space.
  • As many as 29.52 crore bank accounts have been opened under the scheme with a cumulative balance of Rs.65,844.68 crore.
  • At present, about 52.4 crore unique Aadhaar numbers are linked to 73.62 crore accounts.
  • PMJDY had also helped the implementation of the Mudra Yojana with Rs.3.66 lakh crore distributed to 8.77 crore beneficiaries.

Justice Dipak Misra sworn in as India’s 45th chief justice.

  • President Ram Nath Kovind administered the oath of office to Justice Misra at Rashtrapati Bhawan. He will replace Chief Justice J S Khehar
  • Justice Misra will have a tenure of nearly 13 months
  • He also served as the Chief Justice of Patna and Delhi High Courts. In 2011, Justice Misra was elevated as a Judge in the Supreme Court.

Lifetime awards for Manuel Aaron and Philips

  • India’s first chess International Master Manuel Aaron and 1975 hockey Word cup winner V.J. Philips were honoured with Lifetime Achievement awards at the Arise Steel-TNSJA (Tamil Nadu Sports Journalists’ Association) awards.
  • Tamil Nadu cricketer Dinesh Karthik and athlete G. Lakshmanan were named the ‘Players of the Year
  • The Lifetime Achievement award for Journalists was awarded, posthumously, to Nirmal Shekar, former sports editor of The Hindu, and to R. Mohan, resident editor of Deccan Chronicle.
  • S. Nandakumar (football) and S. Selena Deepthi (table tennis) were named ‘Young Achievers’.

Mysuru’s public transport system smart, people-friendly: World Bank

  • Mysuru public transport system has become “smart, safe, efficient” and beneficial to lakhs of people across the city.
  • Mysuru has become the first Indian city to transform its bus services into a safe, efficient and smart system across its entire territory, benefiting both the people and the city.
  • The World bank-aided project (Rs. 19 crore) helped the Karnataka State Road Transport Corporation (KSRTC) to install GPS enabled mini-computers.
  • Now, the Centre has proposed this project under the Smart City concept.

National Sports Talent Search Portal

  • National Sports Talent Search Portal will enable any person from across country to upload his information and as per that the Ministry will tap their talent and train them further in their respective disciplines.
  • Around 1000 kids will be selected every year and each will receive scholarships of 5 lakh rupees per annum for eight years.
  • The portal will provide a three step simple process for registration, profile creation and upload of achievements.
  • The portal will be available in English, Hindi and other regional languages. Portal's App can also be downloaded on smart phones.

Ocean forecasting system unveiled

  • The Indian National Centre for Ocean Information Services (INCOIS) of the Ministry of Earth Sciences inaugurated the Ocean Forecasting System for Comoros, Madagascar, and Mozambique at the third Ministerial Meeting of Regional Integrated Multi-Hazard Early Warning System for Asia and Africa (RIMES), held at Port Moresby, Papua New Guinea.
  • The ocean forecast and early warning information on high wave, currents, winds, tides, sub-surface ocean conditions cater to users like fishermen, coastal population, tourism sector, coastal defence officials, marine police, port authorities, research institutions and offshore industries of these countries.
  • The INCOIS has already been providing these operational services to the Maldives, Sri Lanka and Seychelles.

P2P lending

  • To impart vibrancy to the fledgling peer-to-peer (P2P) lending space and also further the cause of financial inclusion, the Reserve Bank of India is believed to be looking at allowing players in the sector to have an offline presence besides an online one.
  • The consultation paper on P2P lending, had recommended that no entity other than a company should undertake P2P lending activity.
  • peer-to-peer (P2P) lending is a form of crowd-sourcing, where individuals or businesses can borrow money via online platforms that, for a fee, match their requirements with those of lenders.

Sindhu loses epic final to Okuhara

  • P.V. Sindhu Settles for silver at World Championship
  • P.V. Sindhu’s gallant effort to become India’s first ever World Champion ended in a heart-wrenching defeat to Japan’s Nozomi Okuhara in an epic final.
  • Okuhara became the first shuttler from Japan to win the World Championship.

Spice Digital gets BBPS license

  • Spice Digital Ltd (SDL) has received the final licence from the Reserve Bank of India, allowing it to process bill payments as a Bharat Bill Payment Operating Unit (BBPOU) in the Bharat Bill Payment System (BBPS).
  • SDL’s Spice Money had in May last year received in-principle approval to set up a BBPOU under the Payment and Settlement Systems Act, 2007.
  • The BBPS, through its centralised bill payment system, allows users to use a single website or outlet to pay all their monthly or repetitive bills, such as mobile phone and electricity.

Under-employment severe in India: NITI

  • Niti Aayog has said that not unemployment but a "severe under-employment" is the main problem facing the country.
  • Contrary to some assertions that India's growth has been 'jobless', the Employment Unemployment Surveys (EUS) of the National Sample Survey Office (NSSO) have consistently reported low and stable rates of unemployment over more than three decades. 
  • The government think-tank in its three-year action plan, released week, has said that "What is needed is the creation of high-productivity, high-wage jobs,"
  • Citing examples of top manufacturing countries like South Korea, Taiwan, Singapore and China, it said, "The 'Make in India' campaign needs to succeed by manufacturing for global markets."